Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 17 September 2024 11:59 pm

  Short Term Forecast: Gold Pressured Ahead of FOMC Decision

  

  Strong US macroeconomic data, including US Retail Sales, above forecast, and an improvement in Industrial Production in August, has caused gold prices to decline. The US Dollar Index (DXY) increased by 0.21% to 100.92, which put pressure on the gold. The US Fed’s monetary policy decision on Wednesday is anticipated …

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• 17 September 2024 10:10 pm

  US Treasury Yields Rise Following Positive Data

  

  US Treasury yields increased after data revealed a boost in consumer spending in the United States during August, according to figures released on Tuesday by the US Bureau of Labour Statistics. The yield on the 10-year US Treasury note rose to 3.644% compared to the previous day’s close of 3.623%. …

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• 17 September 2024 9:03 pm

  US Stocks Decline Following Positive US Retail Sales Data

  

  US stocks began to show a mixed performance, leaning towards a decline, influenced by US retail sales data. This data highlighted the possibility of increased consumer demand and, subsequently, a return to higher inflation in the United States.Wall Street stocks had reached record highs on Tuesday before investors in the …

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• 17 September 2024 7:56 pm

  EUR/GBP Consolidates As Bulls Show Signs of Strength

  

  The EUR/GBP currency pair has been trading within a narrow range in recent sessions, with limited upward or downward momentum. However, there are emerging signs that bullish sentiment is gaining traction.Technically, the pair is currently trading slightly above the 20-day Simple Moving Average (SMA), which is converging at 0.8450. A …

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• 17 September 2024 6:49 pm

  Euro-Yen Soars Amid Mixed Economic Data

  

  The EUR/JPY pair experienced a significant uptick, surpassing the 157.00 mark, despite a disappointing ZEW economic sentiment survey from the Eurozone and Germany. This surge was primarily driven by the strengthening US dollar against the Japanese yen, influenced by positive US retail sales data.While the Federal Reserve’s upcoming monetary policy …

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• 17 September 2024 3:35 pm

  U.S. Stock Futures Rise as Markets Anticipate Aggressive Fed Rate Cut

  

  U.S. stock index futures edged higher on Tuesday as investors grew optimistic about the Federal Reserve’s anticipated rate-cutting cycle, with expectations leaning towards a larger reduction later this week. As of 06:15 ET (10:15 GMT), Dow Jones Futures climbed 115 points, or 0.3%, S&P 500 Futures gained 20 points, or …

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• 17 September 2024 1:40 pm

  Oil Prices Steady as Markets Weigh U.S. Output and Fed Decision

  

  Oil prices held steady on Tuesday after gaining more than $1 in the previous session, as traders assessed U.S. production concerns following Hurricane Francine, alongside expectations of lower U.S. crude stockpiles and the upcoming U.S. Federal Reserve policy decision. Brent crude futures for November remained unchanged at $72.77 per barrel …

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• 17 September 2024 11:55 am

  European Stocks Rise Ahead of Anticipated U.S. Rate Cut

  

  European stocks edged higher on Tuesday, led by gains in financial shares, as markets geared up for the U.S. Federal Reserve’s expected monetary easing cycle. Investors are eyeing a potential outsized rate reduction from the U.S. central bank. The continent-wide STOXX 600 index climbed 0.6% to 518.16 points by 07:13 …

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• 17 September 2024 10:53 am

  Oil Prices Climb Amid U.S. Output Concerns and Expected Crude Stockpile Drop

  

  Oil prices extended their gains on Tuesday, supported by production disruptions in the U.S. Gulf of Mexico following Hurricane Francine and expectations of a drop in U.S. crude inventories. The market is also anticipating a positive sentiment shift ahead of this week’s Federal Reserve interest rate decision. Brent and U.S. …

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• 17 September 2024 10:51 am

  Gold Prices Dip Slightly but Hold Near Record Highs Ahead of Fed Decision

  

  Gold prices edged lower in Asian trade on Tuesday, but remained near record highs as expectations grew for a substantial interest rate cut by the U.S. Federal Reserve later this week. The metal’s strong performance has been fueled by a weakening U.S. dollar and falling Treasury yields, driven by speculation …

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• 17 September 2024 10:49 am

  Asian Markets Brace for Federal Reserve Rate Cut Amid Yen Surge

  

  Asian currencies saw muted activity in Monday’s holiday-thinned trade, with regional markets focused on the highly anticipated Federal Reserve meeting this week. While markets in Japan, China, and South Korea were closed for holidays, the Japanese yen made significant gains, hitting an eight-month high, as traders positioned ahead of key …

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• 17 September 2024 1:40 am

  Market Drivers; US Session, September 16

  

  The selling sentiment that was undermining the dollar on Monday persisted, as traders continued to assign more weight to the possibility that the Fed might shock the markets by lowering interest rates by a half percentage point on Wednesday. For the third straight day, the US Dollar Index (DXY) fell, …

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• 17 September 2024 12:16 am

  XAU/UDS soars to fresh record high ahead of FOMC meeting

  

  Amid increasing speculations that the Fed would cut interest rates by a larger margin later this week, gold prices hit a record high in Asian trade, earlier on Monday. Though Trump seemed uninjured, reports of a second attempt on the Republican presidential nominee’s life reportedly increased demand for safe haven …

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